Latest Government budgets News

EU to keep budget rules looser for longer amid war fallout

May. 23, 2022 11:19 AM EDT

BRUSSELS (AP) — The European Union has moved to prolong looser limits on spending by member countries for an extra year in a bid to counter the economic fallout from Russia’s war in Ukraine. The European Commission recommended on Monday suspending the EU’s regular rules on...

Walz considers special session after lawmakers blow deadline

May. 23, 2022 10:16 AM EDT

ST. PAUL, Minn. (AP) — Gov. Tim Walz said early Monday that he wants to call a short special session after the divided Minnesota Legislature blew a deadline for passing a package of tax cuts and new spending using the state's massive budget surplus. “We're about 90 to 95% of the...

New Mexico advocates review plan aimed at education deficits

May. 22, 2022 01:50 AM EDT

SANTA FE, N.M. (AP) — New Mexico's governor has presented a long-awaited plan that would set goals for academic proficiency as the state struggles to resolve a lawsuit by frustrated parents who won a court ruling saying the state is failing to provide an adequate education for the vast majority...

Minnesota budget deals remain elusive near end of session

May. 20, 2022 18:53 PM EDT

ST. PAUL, Minn. (AP) — Minnesota lawmakers couldn't find common ground on several budget bills Friday as the end of their legislative season rapidly approached. Democratic House Speaker Melissa Hortman, of Brooklyn Park, said tax committee chairs have made “fantastic progress”...

Michigan tax revenue estimates revised upward by $5B

May. 20, 2022 14:37 PM EDT

LANSING, Mich. (AP) — Michigan's short-term budget outlook became even rosier Friday, when economists revised projected tax revenues upward by a combined $5 billion over two years. The new estimates will be used by Democratic Gov. Gretchen Whitmer and the Republican-led Legislature...

Editorial Roundup: New England

May. 20, 2022 13:31 PM EDT

Bangor Daily News. May 16, 2022. Editorial: New state funding is welcome as browntail moths are expected to terrorize Maine again this year Insects pollinate our crops, they serve as pest control by taking care of other problem insects, they even help clean up waste....

Alaska lawmakers pass budget package to end session

May. 19, 2022 20:50 PM EDT

JUNEAU, Alaska (AP) — The Alaska Legislature in the waning hours of a four-month session approved a state spending package that would pay residents about $3,200 this year after a vote that would have boosted the payout to about $3,850 narrowly failed in the House. The approved...

East Timor celebrates independence anniversary, new leader

May. 19, 2022 19:59 PM EDT

DILI, East Timor (AP) — Former East Timor independence fighter and Nobel Peace Prize laureate Jose Ramos-Horta was sworn in as president of Asia’s youngest country late Thursday as it marks its 20th anniversary of independence. Crowds cheered as he then traveled by motorcade to...

Live updates |Congress approves $40B aid package to Ukraine

May. 19, 2022 19:07 PM EDT

KYIV, Ukraine — Ukrainian President Volodymyr Zelenskyy thanked the United States for the $40 billion aid package, which got final congressional approval on Thursday. “This is a demonstration of strong leadership and a necessary contribution to our common defense of freedom,”...

Minnesota sports betting bill advances as budget items stall

May. 19, 2022 18:47 PM EDT

ST. PAUL, Minn. (AP) — A proposal to legalize sports betting survived a test Thursday amid lawmakers' efforts to pull together the pieces of a package to spend Minnesota's enormous budget surplus with just days remaining in the legislative session. The bill, authored by Republican...